In stocks I am looking for some important price action and breaking some important barriers to become more and more bullish. In the past some top global investors// traders became more and more bullish when their support level breaks again and again.
Buying more of their best stocks, also called averaging up or pyramiding, is something most great investors through the years have practiced. When stocks or market start their strong rally by breaking some important barriers they can go up breaking more and more. I have followed few stocks in the market. Similarly when stocks break some barriers towards down side they can go down further.
Some attractive counters are having some correction now and they can rebound strongly in the coming weeks due to great value and attractive future earnings and growth.
Remember I said there will be group and stock oriented bull market, correction and pull backs time to time. Some stocks are very attractive when we compare with market and their group now. These stocks one by one can go up in the future due to attractive valuations, future development and future earnings.
This is the time to concentrate on the next most bullish counters with great potential in the future.
Now we have got three Tech related stocks in the market
Softologic
PCH and
ECL
It is interesting to see how they are going to perform in the market in the coming weeks and coming months.
DISCLAIMER:
The above statement is not meant to influence anyone\'s decision to buy/sell/hold/ rotate any stock or above stock. ECL is part t of my portfolio at current. I have 6,000 shares of ECL. Please do home work before take any decision.